Today, a Director at Proofpoint Inc, Evan-Dana L, exercised options of Proofpoint Inc (NASDAQ: PFPT) for $18.98K. The options were close to expired and Evan-Dana L retained stocks.
This recent transaction increases Evan-Dana L’s holding in the company by 69.57% to a total of $1.22 million. Following Evan-Dana L’s last PFPT Buy transaction on August 12, 2016, the stock climbed by 45.1%.
See today’s analyst top recommended stocks >>
Based on Proofpoint Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $162 million and GAAP net loss of $12.16 million. In comparison, last year the company earned revenue of $113 million and had a GAAP net loss of $25.48 million. Currently, Proofpoint Inc has an average volume of 1.04M. The Company has a Price to Book ratio of 20.0417.
27 different firms, including BTIG and Citigroup, currently also have a Buy rating on the stock. Based on 13 analyst ratings, the analyst consensus is Strong Buy with an average price target of $132.08, reflecting a -10.2% downside.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Proofpoint, Inc. is a security and compliance company, which engages in the provision of cloud-based solutions. Its platform comprises of an integrated suite of threat, information, and brand protection solutions including: email protection, advanced threat protection, email authentication, data loss prevention, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, and secure communication. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.
